Exchange Traders Review – Live Trading Sessions

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Exchange Traders Review – Live Trading Sessions

UPDATE 29.12.2020: This service is no longer operational. Links might point to a similar service. This is a review of live trading sessions called Exchange Traders that is run by the same traders who gave us NightOwl signals. This is the first fully dedicated binary options trading service focused on Nadex. For those who don’t know, NADEX is the only regulated options exchange in the USA.

This is very significant because this makes it completely legal to use for US citizens. It is much better to trade with regulated broker as it offers a high degree of assurance that the broker is being watched by an outside regulating body. It also means that channels of filing complaints are in place and can be acted on in case of malpractice.

Trading Live

The people behind Exchange Traders created a service to meet user feedback. There was a need for a service that would deal only with Nadex. Trading on their platform is a bit different from trading on other binary options brokers. The interface is unique and there are additional functionalities and options available.

Fortunately, both Nadex and Exchange Traders, provide full explanation and guidance for beginner traders using their platform. Also, the live video feed show users exactly what the trader is doing and how he is doing it. High definition quality streaming makes viewing the live sessions very easy and Chris tries to describe everything in real time.

Trading only 1 Hour a day from 8:30 AM to 9:30 AM EST

The live trading sessions start at 8:30am Eastern Standard Time and last until 9:30am. Some may argue that trading one hour a day is not enough but the truth is that trading for an hour a day can bring consistent profits with the right system and concentration.

We’ve tried the system and trading one hour a day feels right, especially for those who can’t or don’t want to spend long hours in front of their monitor screen following the price action.

Let’s face it, not everyone who wants to make money trading short term options wants to do it professionally. There are those who love their day jobs.

Most traders want to supplement their existing income with a few trades per week. If you fall into this category, and you live in the US, Exchange Traders should be the right service for you.

With win ratio above 75% the aim of the trading room is to finish every week in profit. Chris talks about upcoming news and economic releases and looks at various technical indicators on his charts.

He explains everything quite fluently and there is a chat line open to ask questions.

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This video will show you how easy it is to follow Chris in his live trading room.

A few final words

Some may argue that trading one hour a day is not enough but the truth is that trading for an hour a day can bring consistent profits with the right system and approach. The professional traders behind Exchange Traders, having on offer two other live trading sessions, namely 2 hours during the the US and Asian sessions, are very experienced in what they do.

They understand the public demand and use of such live trading sessions and they do their best to meet the expectations of their subscribing members. The ‘hands on’ teaching experience coupled with a live streaming is really an eye opener, especially for beginning traders.

For those who live in the USA and want to try to trade binary options with a regulated broker, the Exchange Traders offers the opportunity to learn how to use Nadex’ unique trading platform.

However, the most important aspects of Exchange Traders are the live technical analysis, on-point market commentary, and last, but certainly not least, the winning signals and trades which you can copy on your own account in real-time.

Link points to a similar service. Exchange Traders is no longer available.

Comparison of Best Forex Trading Sessions: Asia, EU and US

When you start out trading for the first time, it can be overwhelming. As part of your trading plan, you will need to decide which trading session you will focus on. To help the novice traders, I made the comparison between the best Forex Trading Sessions. Taking a look at the characteristics of the Asian, the European and the North American trading sessions.

Among the facets differentiating the Forex market from other financial markets is its high liquidity and accessibility. You can trade 24 hours a day beginning on Monday and until Friday. The best Forex trading sessions are during the Asian, the European, and the North American sessions. London has been known for its position as the global dominant Forex center. However, it has lost market share in 2020. The capital of the UK saw a substantial drop in market share, as it fell from 41% in 2020 to 37% in 2020.

London still dominates FX market (Source of data BIS)

One of the reasons could be that the brokers are preparing to leave the UK post the Brexit vote. However, according to the Bank of England’s bulletin and data from the Bank of International Settlements (BIS), the rising rivals in Asia have been challenging London’s historic position. The economies of India and China boosted the trading of its national currencies. Meanwhile cities like Hong Kong and Singapore increased its market share, Singapore grew from 6% to 8% and Hong Kong from 4pc to 7pc. Despite, both cities are becoming a challenger of the UK, London still holds its dominant position in Forex trading. Now, you have a better understanding of the current market conditions, I have listed below the characteristics of each trading session. Alongside, I noted with currencies are better to trade for each of the trading sessions.

Asian Session – Market opens in Sydney

Every week, the trading session starts from the market opening in Sydney which takes place at 8 am local time (or 9 pm GMT on Sunday). Two hours later, at 11 pm GMT, the Tokyo session starts. With Japan being the biggest currency trading center in the world. The Asian Pacific markets have a great opportunity to experience the live action before other parts of the world can see it. Apart from Tokyo and Sydney, other countries participating in the Forex market and providing liquidity are Hong Kong, China, Russia, Singapore, and New Zealand.

What makes the Asia Pacific trading session different from the other sessions is that it provides thin liquidity and the price usually moves in limited ranges. The currency that appears to be more active than others is the Japanese yen. Besides this, higher levels of trading prevail when economic data or significant news are released. Thereby, this session can be characterized as a stable and calm session.

European Session – London is the center for all activities

When assessing the European session, the markets open at 7 am GMT with London being the center of all Forex trading activities. Every market participant assesses the market activity in this particular session to identify the current market trend. Other countries that actively participate in Forex trading are France and Germany. Occasionally, in the middle of the day, the trading activity declines due to the lunch breaks. However, it increases again as soon as it overlaps with the New York session.

Furthermore, the European session takes place in between the Asian and American sessions. Hence, it has the highest trading activity in terms of the liquidity, price action, and volatility. During this session, almost any currency pair can be traded. However, if you would prefer to trade the currency pair with the tightest spreads then select any of the following: GBPUSD, USDCHF, EURUSD, or USDJPY.

North American session – The last session of the day

The North American trading session is the last session of the day, beginning at 1 pm GMT. Therefore, there is an overlap with the European session during the first four hours. This period of four hours is characterized by having the highest liquidity as well as the major currency pairs’ participants. Following this overlap, the trading activity normally decreases. Since both the Asian and the European markets will then be closed.

In regards to the currency pairs, during the first four hours of the American session, you can trade any currency pair. Following that, it is better to trade currency pairs related to the US dollar.

Best Forex Trading Sessions: When should I trade?

Now, that you have a better understanding of the best Forex trading sessions. It is time for you to select the best trading session that fits your trading plan. A trick here is that you should take a look at the overlapping trading hours in the market. These specific hours bring the necessary volatility as well as more liquidity, due to the increased market participants. Above, you can see the opening hours and the overlaps of the key important trading sessions. To gain a better which trading hours are best to trade the Forex market, I recommend you to also read our previous article which informs you w hen it is the best time to make money in Forex.

Think we missed something? Let us know in the comments section below.

Traders Exchange – Live weekly group coaching session taught by Smart Money, Learn to trade

Trader’s Exchange

Live voice-moderated session

Trader’s Exchange happens numerous times during the week, where live education sessions will become available to paid members via the ATC Insiders chat room. At these times the normally “text chat only” room will be voice-moderated by Richard Lepis or other traders selected by Rich. These sessions are also recorded and cataloged for future reference. The “Traders Exchange” Includes:

In all of these group instruction sessions, we will analyze trades taken by real traders and further attempt to bring our students to higher levels of day trading expertise.

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